Explain the difference between economic and non economic activities
Asked by admin @ in Economy viewed by 429 People
What is difference between economic and non-economic activities?
Answered by admin @
Following are the main points of difference between economic activities and non economic activities:
Economic Activities:
1. Economic activities lead to an increase in the personal income of the individual.
2. Economic activities contribute to the flow of goods and services in an economy.
3. These add value to the national income.
Non economic activities:
1. Non economic activities do not increase the personal income of an individual.
2. Non economic activities do not contribute to the flow of goods and services in an economy.
3. These do not add any value to the national income.
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